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please show calculations 5) Pental Corporation has the following inventory records for October 2023. Operating expenses for the month of October were $500 and the
please show calculations 5) Pental Corporation has the following inventory records for October 2023. Operating expenses for the month of October were $500 and the 250 units sold generated Sales Revenue of $3,750. Required (38 marks): Prepare the October 2023 income statements assuming that the company uses a: a) Periodic inventory system (prepare the income statement assuming that FIFO and weighted average cost were used). b) Perpetual inventory system (prepare the income statement assuming that FIFO and moving weighted average cost were used). **Note: this will mean that you are preparing four income statements! Show your calculations
please show calculations
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